Sec. 7918.203. BONDS FOR ROAD PROJECTS. At the time of issuance, the total principal amount of bonds or other obligations issued or incurred to finance road projects and payable from ad valorem taxes may not exceed one-fourth of the assessed value of the real property in the district.
Added by Acts 2015, 84th Leg., R.S., Ch. 495 (S.B. 2028), Sec. 1, eff. June 16, 2015.
Section: Previous 7918.005 7918.006 7918.051 7918.052 7918.101 7918.102 7918.103 7918.104 7918.105 7918.106 7918.151 7918.152 7918.153 7918.201 7918.202Last modified: September 28, 2016